PUBLISHER: DelveInsight | PRODUCT CODE: 1610881
PUBLISHER: DelveInsight | PRODUCT CODE: 1610881
Surgical Stapling Devices Market by Product Type (Powered Surgical Staplers and Manual Surgical Staplers), Type (Circular, Linear, Curved, Skin Closure, and Others), Usage (Single Use/ Disposable and Reusable), Application (Abdominal & Pelvic Surgery, Cardiac & Thoracic Surgery, Cosmetic Surgery, and Others), End-User (Hospitals, Ambulatory Surgical Centres, Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to advance at a substantial CAGR forecast till 2030 owing to the increasing number of trauma cases and the rising sports-related injuries across the globe
The surgical stapling devices market was valued at USD 3.80 billion in 2023, growing at a CAGR of 8.36% during the forecast period from 2024 to 2030, to reach USD 6.15 billion by 2030. The surgical stapling devices market is experiencing significant growth due to the rising number of trauma cases resulting from road traffic accidents, the rising number of sports-related injuries, and the growing number of obese people who need bariatric surgery, which are acting as major factors contributing to the overall growth of the surgical stapling devices market during the forecast period from 2024 to 2030.
Surgical Stapling Devices Market Dynamics:
As per data from the World Health Organization factsheet (2023) on road traffic injuries, road traffic injuries are the leading cause of fatality in children and young adults in the age group of 5-29 years. The same factsheet further stated that near about 20-50 million people suffer from non-fatal injuries in road accidents resulting in a disability as a result of their injury globally each year. These incidents majorly result in bone fractures and dislocations.
In addition to this, the World Health Organization (2024), stated that in 2021, 15.4 million were living with spinal cord injuries globally. Most cases of spinal cord injury result from trauma, including falls, or acts of violence, and are therefore preventable.
According to the National Safety Council (2024), it stated that in 2023, emergency departments treated 3.7 million people for injuries related to sports and recreational equipment. The activities that most often led to these injuries were exercise, cycling, and basketball. Furthermore, it stated that injuries from exercise and exercise equipment went up by 8% in 2023, with 482,886 injuries compared to 445,642 in 2022. The highest injury rate was among 15 to 24-year-olds.
Surgical stapling devices play a critical role in treating injuries resulting from road traffic accidents, spinal cord trauma, and sports-related incidents. These devices are used to fix bone fractures and dislocations by enabling precise stabilization of bones, which is essential for restoring function and reducing recovery time. In cases of spinal cord injuries, surgical staplers may be employed in procedures aimed at stabilizing the spine to prevent further damage. In the context of sports injuries, they help in the efficient fixation of bones, particularly in high-impact activities that frequently lead to fractures. Through advanced technology, surgical stapling devices contribute significantly to the effective management of traumatic injuries, facilitating better outcomes in both emergency and planned surgical interventions.
According to the data provided by the World Health Organization (2024), in 2022 globally out of 8 people, 1 person was living with obesity. Furthermore, as per the same source in 2022, approximately 2.5 billion people were overweight and out of these 890 million people were living with obesity worldwide. As the prevalence of obesity and related comorbidities continues to rise globally, there is a growing demand for bariatric surgery as an effective treatment option for severe obesity. This increased demand for bariatric procedures directly translates to a higher demand for surgical stapling devices used in these surgeries.
Hence, the interplay of all the above-mentioned factors is expected to drive the market for surgical stapling devices market during the given forecast period from 2024 to 2030.
However, complications associated with surgeries such as bleeding & tissue trauma, product recalls & safety concerns, and others may restrict the market growth.
Surgical Stapling Devices Market Segment Analysis:
Surgical Stapling Devices Market by Product Type (Powered Surgical Staplers and Manual Surgical Staplers), Type (Circular, Linear, Curved, Skin Closure, and Others), Usage (Single Use/ Disposable and Reusable), Application (Abdominal & Pelvic Surgery, Cardiac & Thoracic Surgery, Cosmetic Surgery, and Others), End-User (Hospitals, Ambulatory Surgical Centres, Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the product type segment of the surgical stapling devices market, the powered surgical staplers category is expected to have a significant revenue share in the year 2023. This is due to the availability of various technologically advanced powered surgical staplers. Furthermore, benefits such as easy operation, and optimized stapling solutions capable of reducing leaks without compromising perfusion, less movement during transaction, and others are associated with powered surgical staplers.
Additionally, an increase in financing for product R&D, clinical research, and marketing promotion, among others by companies focused on manufacturing and commercialization of innovative surgical instruments such as surgical staplers will also lead to segmental growth. For instance, recently in May 2021, IntoCare Medical Technology (Suzhou) Co., Ltd., a global pioneer in powered surgical staplers, completed up to 100 million RMB round D financing for clinical research, product research and development, and marketing promotion.
Therefore, the widespread uses of powered surgical staplers solidify the impact on the growth of the overall surgical stapling devices market during the forecast period from 2024 to 2030.
North America is expected to dominate the overall surgical stapling devices market:
Among all the regions, North America is estimated to hold a significant revenue share in the surgical stapling devices market. This can be attributed to several factors, including the increasing volume of shoulder replacement surgeries and aesthetic procedures, coupled with continuous advancements in stapling technology and regulatory clearances that are acting as major factors contributing to the growth of the surgical stapling devices market in the North America region during the forecast period from 2024 to 2030.
According to the American Academy of Orthopaedic Surgeons (2024), in 2021 more than 100,000 shoulder replacement surgeries were performed annually in the US on average, encompassing total shoulder replacement, hemiarthroplasty, and reverse total shoulder replacement. As per the same source, it projects that by 2025, the number of shoulder replacement procedures in the US could range between 174,000 and 350,000.
As per data by the International Society of Aesthetic Plastic Surgery (2023), the total number of aesthetic procedures that took place in the US were 6,196,701, including both surgical and non-surgical procedures. The US was also the country with the highest number of non-surgical procedures worldwide in 2023, with 4,405,599 procedures in 2023. The source further stated that the US was the country with the highest number of aesthetic surgeons globally, with 7,750 surgeons in 2023.
In addition, as per the Global Survey (2022), in 2021, the US performed the most aesthetic procedures worldwide, accounting for 24.1% of the total procedures performed globally, with 30.4% of all non-surgical procedures and 15.5% of all surgical procedures. In 2022, US performed over 7.4 million aesthetic procedures, which was 22% of the global number of procedures performed in 2022.
Surgical stapling devices play a crucial role in both shoulder replacement surgeries and aesthetic procedures. During shoulder replacement surgeries, staplers are commonly used for precise and efficient tissue closure, ensuring secure wound management and reducing the risk of complications. In aesthetic procedures, particularly in surgeries requiring incisions like facelifts or tummy tucks, stapling devices are employed to close incisions quickly and with minimal scarring. Their use is driven by the need for consistent results, reduced operative time, and improved patient outcomes, making them essential tools in both orthopedic and aesthetic surgical settings.
Various product developmental strategies such as clearances in the region by regulatory authorities in the region also play a major role in pushing forward the revenue shares of surgical stapling devices. For example, in February 2021, Meril Lifesciences Pvt. Ltd., received FDA clearance for Mirus Circular Stapler, Mirus Linear Cutter and Reload, Mirus Hemorrhoidal Circular Stapler, Mirus Linear Stapler and Reload.
Therefore, the interplay of all the factors mentioned above would provide a conducive growth environment for the North America region in the surgical stapling devices market during the forecast period from 2024 to 2030.
Surgical Stapling Devices Market key players:
Some of the key market players operating in the surgical stapling devices market include B. Braun Melsungen AG, ConMed Corporation, Intuitive Surgical, Meril Life Science Pvt. Ltd., Medtronic, Johnson & Johnson Services, Inc., Smith & Nephew Plc, Lepu Medical, Frankenman International Ltd., Fengh Medical Co., Ltd., 3M, IntoCare Medical Technology (Suzhou) Co., Ltd., Lexington Medical, Waston medical, Reach Surgical, Purple Surgical, Stapleline Medizintechnik GmbH, Panther Healthcare, Microcure (Suzhou) Medical Technology Co., Ltd., Golden Stapler Surgical Co., Ltd., and others.
Recent Developmental Activities in the Surgical Stapling Devices Market:
Key takeaways from the Surgical Stapling Devices Market Report study
Target audience who can be benefited from this Surgical Stapling devices market report study
Frequently Asked Questions for the Surgical Stapling Devices Market:
Surgical staplers are medical devices that are used in place of sutures. They can close large wounds or incisions more quickly and be less painful than stitches for patients and are often used in minimally invasive surgery.
The surgical stapling devices Market was valued at USD 3.80 billion in 2023, growing at a CAGR of 8.36% during the forecast period from 2024 to 2030 to reach USD 6.15 billion by 2030.
The surgical stapling devices market is experiencing significant growth due to the rising number of trauma cases resulting from road traffic accidents, the rising number of sports-related injuries, and the growing number of obese people who need bariatric surgery, which are acting as major factors contributing to the overall growth of the surgical stapling devices market during the forecast period from 2024 to 2030.
Some of the major market players operating in the surgical stapling devices market include B. Braun Melsungen AG, ConMed Corporation, Intuitive Surgical, Meril Life Science Pvt. Ltd., Medtronic, Johnson & Johnson Services, Inc., Smith & Nephew Plc, Lepu Medical, Frankenman International Ltd., Fengh Medical Co., Ltd., 3M, IntoCare Medical Technology (Suzhou) Co., Ltd., Lexington Medical, Waston medical, Reach Surgical, Purple Surgical, Stapleline Medizintechnik GmbH, Panther Healthcare, Microcure (Suzhou) Medical Technology Co., Ltd., Golden Stapler Surgical Co., Ltd., and others.
Among all the regions, North America is estimated to hold a significant revenue share in the surgical stapling devices market. This can be attributed to several factors, including the increasing volume of shoulder replacement surgeries and aesthetic procedures, coupled with continuous advancements in stapling technology and regulatory clearances that are acting as major factors contributing to the growth of the surgical stapling devices market in the North America region during the forecast period from 2024 to 2030.